AT&T Wireless Q2 earns drop

LeslieWines

NEW YORK (CBS.MW)-- AT&T Wireless reported a decline in second-quarter earnings per share to 2 cents from 8 cents a year earlier, amid a year-over-year decline in services revenue to about $3.87 billion from around $3.94 billion a year earlier. The result in the recent quarter was stronger than the Thomson First Call projection for a loss of 1 cent per share. During the most recent quarter, AT&T Wireless'
AWE, -11.76%
average monthly revenue per user dropped to $58.80 from $60.60 in the second quarter of 2003. Total revenues rose to about $4.22 billion from around $4.16 billion a year earlier, aided in part by stronger equipment revenues. In its press statement, the company emphasized sequential improvements over its first-quarter, 2004 performance and said it is making "good progress" with its planned merger with Cingular Wireless.

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